Ishbia Mat Sells 612,287 Shares of UWM (NYSE:UWMC) Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 612,287 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $5.67, for a total transaction of $3,471,667.29. Following the transaction, the chief executive officer owned 6,180,121 shares of the company’s stock, valued at $35,041,286.07. This represents a 9.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ishbia Mat also recently made the following trade(s):

• On Friday, December 5th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.78, for a total transaction of $3,539,018.86.
• On Wednesday, December 3rd, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.71, for a total transaction of $3,496,158.77.
• On Monday, December 1st, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.80, for a total transaction of $3,551,264.60.
• On Friday, November 28th, Ishbia Mat sold 437,073 shares of UWM stock. The shares were sold at an average price of $5.85, for a total transaction of $2,556,877.05.
• On Wednesday, November 26th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.81, for a total value of $3,464,828.36.
• On Monday, November 24th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.21, for a total value of $3,107,014.76.
• On Friday, November 21st, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.09, for a total value of $3,035,452.04.
• On Wednesday, November 19th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $4.96, for a total value of $2,957,925.76.
• On Monday, November 17th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $4.94, for a total value of $2,945,998.64.
• On Thursday, November 13th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.27, for a total value of $3,142,796.12.

UWM Price Performance

Shares of UWMC stock traded down $0.09 during trading hours on Monday, reaching $5.65. The stock had a trading volume of 7,087,890 shares, compared to its average volume of 6,891,499. The stock’s fifty day simple moving average is $5.55 and its 200 day simple moving average is $5.12. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45. UWM Holdings Corporation has a 12 month low of $3.80 and a 12 month high of $7.14.

UWM (NYSE:UWMC) last announced its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. As a group, analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, December 18th.

Institutional Trading of UWM

Several large investors have recently bought and sold shares of the company. Allworth Financial LP grew its holdings in shares of UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after acquiring an additional 4,091 shares during the period. GAMMA Investing LLC grew its stake in UWM by 408.7% in the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after purchasing an additional 4,344 shares during the period. Advisory Services Network LLC bought a new position in UWM in the third quarter worth $38,000. Raymond James Financial Inc. purchased a new position in UWM during the second quarter valued at $35,000. Finally, Quarry LP bought a new stake in shares of UWM during the 1st quarter valued at $53,000. 53.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BTIG Research reiterated a “buy” rating and issued a $10.00 target price on shares of UWM in a research report on Monday, September 22nd. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings restated a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. Morgan Stanley lowered UWM from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $4.50 to $6.50 in a research report on Monday, September 29th. Finally, Wall Street Zen downgraded UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.54.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.